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06:00 Germany Current Account February 16.2 13.9
06:00 Germany Trade Balance February 17.2 18.8 15.7
08:30 United Kingdom Trade in goods February -9.8 -9.3 -9.1
The euro exchange rate against the dollar rose slightly against the background data on the trade balance of Germany. German exports fell in February by more than expected , while imports increased for the second month in a row, showed on Wednesday , official data agency Destatis. Exports fell by 1.3 percent in January , this is the second drop in three months and the largest since May 2013. Predicted drop in exports by 0.5 percent after expanding by 2.2 percent in January.
On the other hand , imports increased by 0.4 percent, faster than the 0.1 percent growth economists estimate . However, the pace slowed down compared with growth of 4.1 percent , which is seen in January. As a result, the trade surplus fell to a seasonally adjusted to 15.7 billion euros from 17.3 billion euros in January. The surplus also decreased from 16.7 billion euros surplus hosted a year ago.
In annual terms, exports increased by 4.6 percent , while imports rose by 6.5 percent in February . Current account balance to a surplus of 13.9 billion euros in February compared with a surplus of 15.7 billion euros in the previous year . Exports to the EU increased by 6.7 percent compared with last year , while imports from these countries increased by 9 percent. While exports to the euro area grew by 3.7 percent , while imports rose by 8.4 per cent .
British pound against the dollar has stabilized , disregarding the trade balance data . In the UK, the visible trade deficit narrowed in February , while the surplus on services decreased compared with the previous month , data showed on Wednesday the Office for National Statistics .
The merchandise trade deficit fell to 9.1 billion pounds in February from 9.5 billion pounds in January. Deficit , as was expected to fall to 9.3 billion pounds.
Exports of goods decreased by 1.6 percent in January to 23.5 billion pounds. In turn, imports fell by 2.2 percent to 32.6 billion pounds.
Meanwhile, the services surplus amounted to 7 billion pounds compared with the January estimate of 7.3 billion pounds of surplus .
Combined deficit on trade in goods and services decreased slightly to 2.1 billion pounds from 2.2 billion pounds in January.
EUR / USD: during the European session, the pair rose to $ 1.3808
GBP / USD: during the European session, the pair traded in a narrow range
USD / JPY: during the European session, the pair rose to Y102.16 and stepped
At 17:01 GMT the U.S. is deploying 10 - year bonds . At 18:00 GMT held publication of the minutes of the Fed meeting . At 22:30 GMT New Zealand will release the index of business activity in the manufacturing sector of Business NZ in March . At 23:50 GMT Japan will change the volume of orders for machinery and equipment in February.
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